Forum Archive Index - September 2001

["Malcolm Cameron" <malharcameron@hotmail.com>]

Rubin

Singapore air lines will take the other shareholders to the cleaners if it suits them. There is some speculation that is what was tried and they messed it up. Read the back page of the weekend edition of australian finacial review if you can get hold of it. Try a good library. I do not have the skills to post it on web site or the copyright release.

Malcolm Cameron

----- Original Message -----

From: Ruvin Gabriel

To: sharechat@sharechat.co.nz

Sent: Tuesday, September 18, 2001 12:58 PM

Subject: [sharechat]

I totally agree with the Sharechat editor - Ben Dutton.

There is a lot of parties to blame but the ultimate responsibilty for the situation detiorating lies in the Government refusing to allow an increase in foreign ownership.

 

When are New Zealanders going to realise that the country is never going to improve without foreign investment.

All successful ie.USA, Ireland, Singapore countries have actively encouraged and sought out foreign investment to increase their employment and GDP.

 

Instead of seeking out multinational compnies (quality immigrants) to invest in NZ we are seeking increasing numbers of refugees. This makes NZ the laughing stock internationally.

 

If Singapore Airlines (cash rich profit makng airline) was alllowed to increase its share in Air NZ then the company would benefit from quality managers with a proven track record.

 

The Air NZ board needs to be sacked for their role in this fiasco. Many NZers have still not forgiven them for having a rights issue last year that was fraudlently marketed when the company knew the outlook was not good